Dear all
One of my client deals in manufacturing and supplying of leather and synthetic bags.We have obtained their excise number under VRS and our client also has a trade mark.His turnover is below Rs.1.5 crore during the year.Now we want to know when and how the excise tax is to be levied at the time of sales and which type of customers for eg: Local, OMS. Is excise tax on local sales is also applicable???and if yes then what section.Plz advice.Thanks

Sir,

We have started new 100%EOU unit in Maharashtra. We have sale our material without payment of Excise Duty against CT-3 Form to another EOU Unit in Maharashtra. I want to Know under which para/circular/notification these goods cleared.

I have to fill the circular/para no. in ER-2. I have knew the procedure of e filling & submit of ER-2. I have face problem in e filling of ER-2. The queries are as follws :

I Want to know under which para (Para 6.8 or Para 6.9 of FTP) and under which Excise (EOU) notification or circular goods cleared.

I want know about para 6.8 & Para 6.9 of FTP (Foreign Trade Policy).
.

Please guide me.


Thanks,
Sushant Todkar
sushanttodkar@ymail.com

Case - Supplier has issued invoice for Rs. 150
on which Excise has been Charged @10.3% Rs. 15.45 and VAT @ 12.5% Rs. 20, Totaling to Rs. 186.13.

However as per PO Rate was Rs. 100 (instead of Rs. 150) and Excise was Rs.10.30 ( isntead of Rs.15.45).

While booking the Invoice in System by Purchaser - invoice is booked as below -
Basic Rs. 100 + Excise Rs.15.45 + VAT Rs.14.43


Query - Whether Excise Credit Taken of Rs. 15.45 instead of Rs. 10.30( as per PO) is correct when bill rate passed for lower rate,

Hey frnds plz suggest on below query,
*can we take CENVAT credit on steel items (HR Plates, Angles etc) used during manufacturing of machine items like Oil Tank, Air Vessels etc. the steel items were provided by us to in-house contractor

*Are we need to take manufacturing Registration for the said machines from Excise Department for CENVAT credit purpose.

*Whether we have to pay excise duty on manufactured machines vale added items and shall we take Cenvat credit of the same.

We are selling duty paid goods and in one case we sold 10 ton duty paid materail to one party and due to Quality complaint they returned 5 ton material. Now we have to take back duty on 5 ton material how can i assure that the party has reveresed the cenvat credit?In case they dont reverse the Cenvat credit wht is the position or responsiblity of seller ie our company?

any one suggest me about excise field i.e excise charge on production or move the goods?

Sir,

We are facing a problem in filing electronic Dealer return of Excise, we are not able to validate the sheet as it shows error that it will not take future period, while fresh form is downloaded from net.

Kindly advise how to avoid this message.

With Thanks,

Divya

Plz provide the format of undertaking to be given to manufacturer for not claiming excise input credit on list of 130 items on which 1% excise duty imposed.

Please Provide details in this regard.


Thanks in Advance

IN 2010-2011 I HAVE WRONGLY TAKEN 100% CREDIT ON CAPITAL GOODS WHICH SHOULD NOT BE TAKEN AND AS PER RULES ONLY 50% CREDIT CAN BE AVAILED ON CAPITAL GOODS IN ONE F.Y. AND REMAINING 50% WILL BE ALLOWED IN NEXT SUBSEQUENT YEAR.SO PLEASE TELL ME WHAT CAN I DO NOW AND WHAT WILL BE THE CONSEQUENCES?